The global artificial intelligence in healthcare market reached a value of nearly $7,833.6 million in 2021, having increased at a compound annual growth rate (CAGR) of 25.2% since 2016. The market is expected to grow from $ 7,833.6 million in 2021 to $ 33,107.6 million in 2026 at a rate of 33.4%. The market is then expected to grow at a CAGR of 27.8% from 2026 and reach $1,12,765.8 million in 2031.
Growth in the historic period resulted from growing number of collaborations and partnerships, rising prevalence of chronic diseases, increasing implementation of ai in radiology, growing adoption of artificial intelligence for cost efficient drug discovery, rising funding in artificial intelligence in healthcare. Factors that negatively affected growth in the historic period were challenges due to regulatory changes, shortage of healthcare workforce, coronavirus pandemic.
Going forward increase in geriatric population, growing adoption of digital transformation in healthcare, increasing government initiatives for supporting artificial intelligence in healthcare. Factors that could hinder the growth of the artificial intelligence in healthcare market in the future include incompatible legacy health IT infrastructure, intense competition, low healthcare access.
The artificial intelligence in healthcare market is segmented by offerings into hardware, software, and services. The software market was the largest segment of the artificial intelligence in healthcare market by offerings, accounting for 44.8% of the total market in 2021. The hardware market is expected to be the fastest-growing segment in artificial intelligence in healthcare market offerings, going forward at a CAGR of 36.5% during 2021-2026 period.
The artificial intelligence in healthcare market is segmented by algorithm into deep learning, querying method, natural language processing, context aware processing. The natural language processing market was the largest segment of the artificial intelligence in healthcare market by algorithm accounting for 41.3% of the total market in 2021. The natural language processing market is expected to be the fastest-growing segment in artificial intelligence in healthcare market by algorithm, going forward at a CAGR of 35.1% during 2021-2026 period.
The artificial intelligence in healthcare market is segmented by application into robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis. The robot-assisted surgery market was the largest segment of the artificial intelligence in healthcare market by application, accounting for 34.2% of the total market in 2021. The administrative workflow assistance segment is expected to be the fastest-growing segment in artificial intelligence in healthcare market segmented by distribution channel, going forward at a CAGR of 35.5% during 2021-2026 period.
The artificial intelligence in healthcare market is segmented by end-user into hospitals and diagnostic centers, pharmaceutical and biopharmaceutical companies, healthcare payers, patients. The hospitals and diagnostic centers market was the largest segment of the artificial intelligence in healthcare market by end-user accounting for 62.0% of the total market in 2021. The healthcare payers’ market is expected to be the fastest-growing segment in artificial intelligence in healthcare market by end-user, going forward at a CAGR of 34.8% during 2021-2026 period.
North America was the largest region in the artificial intelligence in healthcare market, accounting for 43.4% the global market in 2021. It was followed by Asia-Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the artificial intelligence in healthcare market will be Asia-Pacific and the North America, where growth will be at CAGRs of 25.5% and 20.2% respectively from 2021-2026.
The global artificial intelligence in healthcare market is fragmented, with a large number of small players. The top ten competitors in the market made up to 9.72% of the total market in 2021. The IBM Watson Health was the largest competitor with 2.04% share of the market, followed by Nuance Communications, Inc. with 1.54%, Alphabet Inc. with 1.23%, Concreto HealthAI. with 1.19%, Nvidia Corporation. with o.85%, PathAI with 0.84%, XtalPi with 0.62%, Benevolent AI with 0.56%, Exscientia. with 0.47%, and OWKIN with 0.38%.
The top opportunities in the artificial intelligence in healthcare market segmented by offering will arise in the software segment, which will gain $10,628.1 million of global annual sales by 2026. The top opportunities in segment by algorithm will arise in the natural language processing segment, which will gain $11,349.1 million of global annual sales by 2026. The top opportunities in segment by application will arise in the robot-assisted surgery, which will gain $8,397.0 million of global annual sales by 2026. The top opportunities in segment by end-user will arise in the hospitals and diagnostic centers, which will gain $15,929.6 million of global annual sales by 2026. The artificial intelligence in healthcare market size will gain the most in the USA at $13,190.6 million.
Market-trend-based strategies for the artificial intelligence in healthcare market include use of AI for clinical trials, AI for rare diseases treatment, AI for drug adherence, AI in target selection, leveraging ai based models in pre-clinical studies, investments in AI driven biotech firms, rise in merger and acquisition activity, emerging role of CROs in AI ecosystems, introduction of new artificial intelligence (AI) tools, introduction of AI innovation labs
Player-adopted strategies in the artificial intelligence in healthcare market include focuses on providing its AI services for pharma companies, enhancing its business capabilities through strategic acquisitions, focuses on technology advancements in its AI services to pharmaceutical and investing funds for the same and strengthening its AI services business by strategic collaboration and partnerships to boost AI drug discovery and patient care.
To take advantage of the opportunities, the publisher recommends the artificial intelligence In healthcare companies to focus on use of ai for clinical trials, focus on use of AI for rare diseases treatment, focus on introduction of new ai tools, set up ai innovation labs, expand in emerging markets, continue to focus on developed markets, increase focus on mergers and acquisitions, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing end-users, focus on fast-growing applications.
This report describes and explains the artificial intelligence in healthcare market and covers 2016 to 2021, termed the historic period, and 2021 to 2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Growth in the historic period resulted from growing number of collaborations and partnerships, rising prevalence of chronic diseases, increasing implementation of ai in radiology, growing adoption of artificial intelligence for cost efficient drug discovery, rising funding in artificial intelligence in healthcare. Factors that negatively affected growth in the historic period were challenges due to regulatory changes, shortage of healthcare workforce, coronavirus pandemic.
Going forward increase in geriatric population, growing adoption of digital transformation in healthcare, increasing government initiatives for supporting artificial intelligence in healthcare. Factors that could hinder the growth of the artificial intelligence in healthcare market in the future include incompatible legacy health IT infrastructure, intense competition, low healthcare access.
The artificial intelligence in healthcare market is segmented by offerings into hardware, software, and services. The software market was the largest segment of the artificial intelligence in healthcare market by offerings, accounting for 44.8% of the total market in 2021. The hardware market is expected to be the fastest-growing segment in artificial intelligence in healthcare market offerings, going forward at a CAGR of 36.5% during 2021-2026 period.
The artificial intelligence in healthcare market is segmented by algorithm into deep learning, querying method, natural language processing, context aware processing. The natural language processing market was the largest segment of the artificial intelligence in healthcare market by algorithm accounting for 41.3% of the total market in 2021. The natural language processing market is expected to be the fastest-growing segment in artificial intelligence in healthcare market by algorithm, going forward at a CAGR of 35.1% during 2021-2026 period.
The artificial intelligence in healthcare market is segmented by application into robot-assisted surgery, virtual nursing assistant, administrative workflow assistance, fraud detection, dosage error reduction, clinical trial participant identifier, preliminary diagnosis. The robot-assisted surgery market was the largest segment of the artificial intelligence in healthcare market by application, accounting for 34.2% of the total market in 2021. The administrative workflow assistance segment is expected to be the fastest-growing segment in artificial intelligence in healthcare market segmented by distribution channel, going forward at a CAGR of 35.5% during 2021-2026 period.
The artificial intelligence in healthcare market is segmented by end-user into hospitals and diagnostic centers, pharmaceutical and biopharmaceutical companies, healthcare payers, patients. The hospitals and diagnostic centers market was the largest segment of the artificial intelligence in healthcare market by end-user accounting for 62.0% of the total market in 2021. The healthcare payers’ market is expected to be the fastest-growing segment in artificial intelligence in healthcare market by end-user, going forward at a CAGR of 34.8% during 2021-2026 period.
North America was the largest region in the artificial intelligence in healthcare market, accounting for 43.4% the global market in 2021. It was followed by Asia-Pacific, Western Europe and the other regions. Going forward, the fastest growing regions in the artificial intelligence in healthcare market will be Asia-Pacific and the North America, where growth will be at CAGRs of 25.5% and 20.2% respectively from 2021-2026.
The global artificial intelligence in healthcare market is fragmented, with a large number of small players. The top ten competitors in the market made up to 9.72% of the total market in 2021. The IBM Watson Health was the largest competitor with 2.04% share of the market, followed by Nuance Communications, Inc. with 1.54%, Alphabet Inc. with 1.23%, Concreto HealthAI. with 1.19%, Nvidia Corporation. with o.85%, PathAI with 0.84%, XtalPi with 0.62%, Benevolent AI with 0.56%, Exscientia. with 0.47%, and OWKIN with 0.38%.
The top opportunities in the artificial intelligence in healthcare market segmented by offering will arise in the software segment, which will gain $10,628.1 million of global annual sales by 2026. The top opportunities in segment by algorithm will arise in the natural language processing segment, which will gain $11,349.1 million of global annual sales by 2026. The top opportunities in segment by application will arise in the robot-assisted surgery, which will gain $8,397.0 million of global annual sales by 2026. The top opportunities in segment by end-user will arise in the hospitals and diagnostic centers, which will gain $15,929.6 million of global annual sales by 2026. The artificial intelligence in healthcare market size will gain the most in the USA at $13,190.6 million.
Market-trend-based strategies for the artificial intelligence in healthcare market include use of AI for clinical trials, AI for rare diseases treatment, AI for drug adherence, AI in target selection, leveraging ai based models in pre-clinical studies, investments in AI driven biotech firms, rise in merger and acquisition activity, emerging role of CROs in AI ecosystems, introduction of new artificial intelligence (AI) tools, introduction of AI innovation labs
Player-adopted strategies in the artificial intelligence in healthcare market include focuses on providing its AI services for pharma companies, enhancing its business capabilities through strategic acquisitions, focuses on technology advancements in its AI services to pharmaceutical and investing funds for the same and strengthening its AI services business by strategic collaboration and partnerships to boost AI drug discovery and patient care.
To take advantage of the opportunities, the publisher recommends the artificial intelligence In healthcare companies to focus on use of ai for clinical trials, focus on use of AI for rare diseases treatment, focus on introduction of new ai tools, set up ai innovation labs, expand in emerging markets, continue to focus on developed markets, increase focus on mergers and acquisitions, provide competitively priced offerings, participate in trade shows and events, continue to use B2B promotions, continue to target fast-growing end-users, focus on fast-growing applications.
This report describes and explains the artificial intelligence in healthcare market and covers 2016 to 2021, termed the historic period, and 2021 to 2026 termed the forecast period, along with further forecasts for the period 2026-2031. The report evaluates the market across each region and for the major economies within each region.
Table of Contents
1. Executive Summary2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction and Market Characteristics
6.1. General Market Definition
6.2. Summary
6.3. Artificial Intelligence In Healthcare Market Definition and Segmentations
6.4. Market Segmentation by Offering
6.4.1. Hardware
6.4.2. Software
6.4.3. Services
6.5. Market Segmentation by Algorithm
6.5.1. Deep Learning
6.5.2. Querying Method
6.5.3. Natural Language Processing
6.5.4. Context-Aware Processing
6.6. Market Segmentation by Application
6.6.1. Robot-Assisted Surgery
6.6.2. Virtual Nursing Assistant
6.6.3. Administrative Workflow Assistance
6.6.4. Fraud Detection
6.6.5. Dosage Error Reduction
6.6.6. Clinical Trial Participant Identifier
6.6.7. Preliminary Diagnosis
6.7. Market Segmentation by End-User
6.7.1. Hospitals And Diagnostic Centers
6.7.2. Pharmaceutical And Biopharmaceutical Companies
6.7.3. Healthcare Payers
7. Major Market Trends
7.1. Use Of AI For Clinical Trials
7.2. AI For Rare Diseases Treatment
7.3. AI For Drug Adherence
7.4. AI in Target Selection
7.5. Leveraging AI Based Models in Pre-Clinical Studies
7.6. Investments in AI Driven Biotech Firms
7.7. Rise In Merger And Acquisition Activity
7.8. Emerging Role of CROs in AI Ecosystems
7.9. Introduction of New Artificial Intelligence (AI) Tools
7.10. Introduction of AI Innovation Labs
8. Global Market Size And Growth
8.1. Market Size
8.2. Historic Market Growth, 2016 - 2021, Value ($ Million)
8.2.1. Market Drivers 2016 - 2021
8.3. Market Restraints 2016 - 2021
8.4. Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
8.4.1. Market Drivers 2021 - 2026
8.5. Market Restraints 2021 - 2026
9. Global Market Segmentation
9.1. Global Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.2. Global Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.3. Global Artificial Intelligence In Healthcare Market, Segmentation By Application, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
9.4. Global Artificial Intelligence In Healthcare Market, Segmentation By End-User, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10. Global Market, Regional And Country Analysis
10.1. Global Artificial Intelligence In Healthcare Market, By Region, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
10.2. Global Artificial Intelligence In Healthcare Market, By Country, Historic and Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11. Asia-Pacific Market
11.1. Summary
11.2. Market Overview
11.2.1. Region Information
11.2.2. Market Information
11.2.3. Background Information
11.2.4. Government Initiatives
11.2.5. Regulations
11.2.6. Regulatory bodies
11.2.7. Major Associations
11.2.8. Taxes Levied
11.2.9. Corporate Tax Structure
11.2.10. Investments
11.2.11. Major Companies
11.3. Asia-Pacific Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.4. Asia-Pacific Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.5. Asia-Pacific Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.6. Asia-Pacific Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.7. Asia Pacific Artificial Intelligence In Healthcare Market: Country Analysis
11.8. China Market
11.9. Summary
11.10. Market Overview
11.10.1. Country Information
11.10.2. Market Information
11.10.3. Background Information
11.10.4. Government Initiatives
11.10.5. Regulations
11.10.6. Regulatory Bodies
11.10.7. Major Associations
11.10.8. Taxes Levied
11.10.9. Corporate Tax Structure
11.10.10. Investments
11.10.11. Major Companies
11.11. China Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.12. China Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.13. China Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.14. China Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.15. India Market
11.16. India Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.17. India Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.18. India Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.19. India Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.20. Japan Market
11.21. Japan Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.22. Japan Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.23. Japan Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.24. Japan Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.25. Australia Market
11.26. Australia Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.27. Australia Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.28. Australia Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.29. Australia Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.30. Indonesia Market
11.31. Indonesia Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.32. Indonesia Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.33. Indonesia Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.34. Indonesia Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.35. South Korea Market
11.36. South Korea Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
11.37. South Korea Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
11.38. South Korea Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
11.39. South Korea Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12. Western Europe Market
12.1. Summary
12.2. Market Overview
12.2.1. Region Information
12.2.2. Market Information
12.2.3. Background Information
12.2.4. Government Initiatives
12.2.5. Regulations
12.2.6. Regulatory Bodies
12.2.7. Major Associations
12.2.8. Taxes Levied
12.2.9. Corporate Tax Structure
12.2.10. Investments
12.2.11. Major Companies
12.3. Western Europe Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.4. Western Europe Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.5. Western Europe Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.6. Western Europe Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.7. Western Europe Artificial Intelligence In Healthcare Market: Country Analysis
12.8. UK Market
12.9. UK Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.10. UK Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.11. UK Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.12. UK Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.13. Germany Market
12.14. Germany Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.15. Germany Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.16. Germany Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.17. Germany Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.18. France Market
12.19. France Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
12.20. France Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
12.21. France Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
12.22. France Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13. Eastern Europe Market
13.1.1. Summary
13.2. Market Overview
13.2.1. Region Information
13.2.2. Market Information
13.2.3. Background Information
13.2.4. Government Initiatives
13.2.5. Regulations
13.2.6. Regulatory Bodies
13.2.7. Taxes Levied
13.2.8. Corporate Tax Structure
13.2.9. Major Companies
13.3. Eastern Europe Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.4. Eastern Europe Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.5. Eastern Europe Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.6. Eastern Europe Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.7. Eastern Europe Artificial Intelligence In Healthcare Market: Country Analysis
13.8. Russia Market
13.9. Russia Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
13.10. Russia Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
13.11. Russia Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
13.12. Russia Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14. North America Market
14.1. Summary
14.2. Market Overview
14.2.1. Region Information
14.2.2. Market Information
14.2.3. Background Information
14.2.4. Government Initiatives
14.2.5. Regulations
14.2.6. Regulatory Bodies
14.2.7. Taxes Levied
14.2.8. Corporate Tax Structure
14.2.9. Investments
14.2.10. Major Companies
14.3. North America Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.4. North America Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.5. North America Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.6. North America Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.7. North America Artificial Intelligence In Healthcare Market: Country Analysis
14.8. USA Market
14.9. Summary
14.10. Market Overview
14.10.1. Region Information
14.10.2. Market Information
14.10.3. Background Information
14.10.4. Government Initiatives
14.10.5. Regulations
14.10.6. Regulatory Bodies
14.10.7. Taxes Levied
14.10.8. Corporate Tax Structure
14.10.9. Investments
14.10.10. Major Companies
14.11. USA Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
14.12. USA Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
14.13. USA Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
14.14. USA Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15. South America Market
15.1. Summary
15.2. Market Overview
15.2.1. Region Information
15.2.2. Market Information
15.2.3. Background Information
15.2.4. Government Initiatives
15.2.5. Regulations
15.2.6. Regulatory Bodies
15.2.7. Major Associations
15.2.8. Taxes Levied
15.2.9. Corporate Tax Structure
15.2.10. Investments
15.2.11. Major Companies
15.3. South America Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.4. South America Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.5. South America Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.6. South America Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.7. South America Artificial Intelligence In Healthcare Market: Country Analysis
15.8. Brazil Market
15.9. Brazil Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
15.10. Brazil Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
15.11. Brazil Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
15.12. Brazil Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16. Middle East Market
16.1. Summary
16.2. Market Overview
16.2.1. Region Information
16.2.2. Market Information
16.2.3. Background Information
16.2.4. Government Initiatives
16.2.5. Regulations
16.2.6. Regulatory Bodies
16.2.7. Major Associations
16.2.8. Taxes Levied
16.2.9. Corporate Tax Structure
16.2.10. Investments
16.2.11. Major Companies
16.3. Middle East Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
16.4. Middle East Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
16.5. Middle East Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
16.6. Middle East Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17. Africa Market
17.1. Summary
17.2. Market Overview
17.2.1. Region Information
17.2.2. Market Information
17.2.3. Background Information
17.2.4. Government Initiatives
17.2.5. Regulations
17.2.6. Regulatory Bodies
17.2.7. Major Associations
17.2.8. Taxes levied
17.2.9. Corporate Tax Structure
17.2.10. Investments
17.2.11. Major Companies
17.3. Africa Artificial Intelligence In Healthcare Market, Historic Market Growth, 2016 - 2021, Value ($ Million)
17.4. Africa Artificial Intelligence In Healthcare Market, Forecast Market Growth, 2021 - 2026, 2031F Value ($ Million)
17.5. Africa Artificial Intelligence In Healthcare Market, Segmentation By Offering, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
17.6. Africa Artificial Intelligence In Healthcare Market, Segmentation By Algorithm, Historic And Forecast, 2016 - 2021, 2026F, 2031F, Value ($ Million)
18. Competitive Landscape and Company Profiles
19. Company Profiles
19.1. International Business Machines Corporation (IBM Watson Health)
19.1.1. Company Overview
19.1.2. Products And Services
19.1.3. Business Strategy
19.1.4. Financial Overview
19.2. Nuance Communications, Inc
19.2.1. Company Overview
19.2.2. Products And Services
19.2.3. Business Strategy
19.2.4. Financial Overview
19.3. Alphabet Inc
19.3.1. Company Overview
19.3.2. Products And Services
19.3.3. Business Strategy
19.3.4. Financial Overview
19.4. Concreto HealthAI
19.4.1. Company Overview
19.4.2. Products And Services
19.4.3. Business Strategy
19.4.4. Financial Overview
19.5. Nvidia Corporation
19.5.1. Company Overview
19.5.2. Products And Services
19.5.3. Business Strategy
19.5.4. Financial Overview
20. Key Mergers and Acquisitions In The Market
20.1. Astute Imaging LLC Acquired DilenyTech
20.2. Microsoft Corporation Acquired Nuance
20.3. OnlineDoctor Acquired A.S.S.I.S.T (Automated Scientific Skin Infection Search Technology)
20.4. Headspace Health Acquired Sayana
20.5. RadNet Acquired Aidence
20.6. Netsmart Acquired Remarkable Health
20.7. Nurosene Health Inc. Acquired NetraMark Corp.
20.8. Iodine Software Acquired Artifact Health
20.9. Nuance Communications Acquired Saykara
20.10. Medopad Acquired Sherbit
21. Opportunities And Strategies
21.1. Global Artificial Intelligence In Healthcare Market In 2026 - Countries Offering Most New Opportunities
21.2. Global Artificial Intelligence In Healthcare Market In 2026 - Segments Offering Most New Opportunities
21.3. Global Artificial Intelligence In Healthcare Market In 2026 - Growth Strategies
21.3.1. Market Trend Based Strategies
21.3.2. Competitor Strategies
22. Artificial Intelligence In Healthcare Market, Conclusions And Recommendations
22.1. Conclusions
22.2. Recommendations
22.2.1. Product
22.2.2. Place
22.2.3. Price
22.2.4. Promotion
22.2.5. People
23. Appendix
23.1. Market Data Sources
23.2. Research Methodology
23.3. Currencies
23.4. About the Publisher
23.5. Copyright and Disclaimer
Executive Summary
Artificial Intelligence In Healthcare Global Market Opportunities And Strategies To 2031 provides the strategists; marketers and senior management with the critical information they need to assess the global artificial intelligence in healthcare market as it emerges from the COVID 19 shut down.Reasons to Purchase
- Gain a truly global perspective with the most comprehensive report available on this market covering 12 geographies.
- Understand how the market is being affected by the coronavirus and how it is likely to emerge and grow as the impact of the virus abates.
- Create regional and country strategies on the basis of local data and analysis.
- Identify growth segments for investment.
- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market research findings.
- Benchmark performance against key competitors.
- Utilize the relationships between key data sets for superior strategizing.
- Suitable for supporting your internal and external presentations with reliable high-quality data and analysis
The report covers market characteristics; size and growth; segmentation; regional and country breakdowns; competitive landscape; market shares; trends and strategies for this market. It traces the market’s historic and forecast market growth by geography. It places the market within the context of the wider artificial intelligence in healthcare market; and compares it with other markets.
The report covers the following chapters:
- Introduction and Market Characteristics Brief introduction to the segmentations covered in the market, defintions and explanations about artificial intelligence in healthcare market.
- Key Trends Highlights the major trends shaping the global artificial intelligence in healthcare market. This section also highlights likely future developments in the market.
- Global Market Size and Growth Global historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and drivers and restraints that support and control the growth of the market in the historic and forecast periods.
- Regional Analysis Historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values and growth and market share comparison by region.
- Market Segmentation Contains the market values (2016-2031) and analysis for each segment by offerings, by algorithms, by algorithm, and by end user in the market.
- Regional Market Size and Growth Regional market size (2021), historic (2016-2021) and forecast (2021-2026), and (2026-2031) market values, and growth and market share comparison of countries within the region. This report includes information on the regions Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa and major countries within each region.
- Competitive Landscape Details on the competitive landscape of the market, estimated market shares and company profiles of the leading players.
- Key Mergers and Acquisitions Information on recent mergers and acquisitions in the market covered in the report. This section gives key financial details of mergers and acquisitions, which have shaped the market in recent years.
- Market Opportunities And Strategies Describes market opportunities and strategies based on findings of the research, with information on growth opportunities across countries, segments and strategies to be followed in those markets.
- Conclusions And Recommendations Includes recommendations for artificial intelligence in healthcare providers in terms of product/service offerings geographic expansion, marketing strategies and target groups.
- Appendix This section includes details on the NAICS codes covered, abbreviations and currencies codes used in this report.
Scope
Markets Covered
1) By Offering: Hardware; Software; Services2) By Algorithm: Deep Learning; Querying Method; Natural Language Processing; Context Aware Processing
3) By Application: Robot-Assisted Surgery; Virtual Nursing Assistant; Administrative Workflow Assistance; Fraud Detection; Dosage Error Reduction; Clinical Trial Participant Identifier; Preliminary Diagnosis
4) By End-User: Hospitals And Diagnostic Centers; Pharmaceutical And Biopharmaceutical Companies; Healthcare Payers; Patients
Companies Mentioned: IBM Watson Health; Nuance Communications, Inc.; Alphabet Inc.; Concreto HealthAI; Nvidia Corporation
Countries: Australia, China, India, Indonesia, Japan, South Korea, USA, Brazil, France, Germany, UK, Russia
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets; GDP proportions; expenditure per capita; artificial intelligence in healthcare indicators comparison.
Data segmentations: country and regional historic and forecast data; market share of competitors; market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Companies Mentioned
- IBM Watson Health
- Nuance Communications, Inc.
- Alphabet Inc.
- Concreto HealthAI
- Nvidia Corporation
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 295 |
| Published | January 2023 |
| Forecast Period | 2021 - 2031 |
| Estimated Market Value ( USD | $ 7833.6 Million |
| Forecasted Market Value ( USD | $ 112765.8 Million |
| Compound Annual Growth Rate | 30.6% |
| Regions Covered | Global |
| No. of Companies Mentioned | 5 |
